Hongfa Technology Balance Sheet Health
Financial Health criteria checks 5/6
Hongfa Technology has a total shareholder equity of CN¥12.2B and total debt of CN¥3.9B, which brings its debt-to-equity ratio to 32%. Its total assets and total liabilities are CN¥20.6B and CN¥8.4B respectively. Hongfa Technology's EBIT is CN¥2.4B making its interest coverage ratio 25.5. It has cash and short-term investments of CN¥3.7B.
Key information
32.0%
Debt to equity ratio
CN¥3.91b
Debt
| Interest coverage ratio | 25.5x |
| Cash | CN¥3.72b |
| Equity | CN¥12.21b |
| Total liabilities | CN¥8.38b |
| Total assets | CN¥20.59b |
Recent financial health updates
Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Nov 27
Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Aug 23Recent updates
Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Nov 27Is Hongfa Technology Co., Ltd. (SHSE:600885) Potentially Undervalued?
Nov 14Earnings Working Against Hongfa Technology Co., Ltd.'s (SHSE:600885) Share Price
Oct 16Return Trends At Hongfa Technology (SHSE:600885) Aren't Appealing
Oct 03Is There An Opportunity With Hongfa Technology Co., Ltd.'s (SHSE:600885) 20% Undervaluation?
Sep 05Hongfa Technology (SHSE:600885) Has A Pretty Healthy Balance Sheet
Aug 23Why Hongfa Technology Co., Ltd. (SHSE:600885) Could Be Worth Watching
Aug 05Returns On Capital At Hongfa Technology (SHSE:600885) Have Hit The Brakes
Jul 04Why Investors Shouldn't Be Surprised By Hongfa Technology Co., Ltd.'s (SHSE:600885) Low P/E
Jun 20Does This Valuation Of Hongfa Technology Co., Ltd. (SHSE:600885) Imply Investors Are Overpaying?
May 22Hongfa Technology Co., Ltd. (SHSE:600885) Analysts Are Cutting Their Estimates: Here's What You Need To Know
Apr 02Is Now An Opportune Moment To Examine Hongfa Technology Co., Ltd. (SHSE:600885)?
Mar 26Investors Aren't Buying Hongfa Technology Co., Ltd.'s (SHSE:600885) Earnings
Mar 13Hongfa Technology's (SHSE:600885) Returns On Capital Not Reflecting Well On The Business
Feb 29Financial Position Analysis
Short Term Liabilities: 600885's short term assets (CN¥12.9B) exceed its short term liabilities (CN¥5.0B).
Long Term Liabilities: 600885's short term assets (CN¥12.9B) exceed its long term liabilities (CN¥3.4B).
Debt to Equity History and Analysis
Debt Level: 600885's net debt to equity ratio (1.6%) is considered satisfactory.
Reducing Debt: 600885's debt to equity ratio has increased from 23.6% to 32% over the past 5 years.
Debt Coverage: 600885's debt is well covered by operating cash flow (56.3%).
Interest Coverage: 600885's interest payments on its debt are well covered by EBIT (25.5x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/20 08:33 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Hongfa Technology Co., Ltd. is covered by 31 analysts. 14 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Cheng Shen | BOCI Research Ltd. |
| Fiona Liang | BofA Global Research |
| Hazim Bahari | CFRA Equity Research |